The internet bubble which peaked in size in 2000 is now well and truly burst. As with all bubbles, there are varying explanations for its occurrence, but the hype which surrounds the internet has shouldered a lot of the blame. There is however, no doubt that the internet has significantly changed the way people live, think and do business.
This impressive volume presents the Austrian school of thought and its considered response to the "internet economy". Contributions are from such figures as Peter Boettke, Richard Aréna and the late Don Lavoie (to whose memory this book is dedicated). With impressive clarity and insight, the book covers such areas as:
· "Austrian" theories of the firm and the internet economy
· entrepreneurship and e-commerce
· private lawmaking on the internet
· Hayek and the IT entrepreneurs.
Jack Birner Introduction Part 1: Digitally Connected Networks 1. Don Lavoie Subjectivism, Entrepreneurship and the Convergence of Groupware and Hypertext 2. Giampaolo Garzarelli Open Source Software and the Economics of Organization 3. Mark Miller and Marc Stiegler The Digital Path Part 2: Some History 4. Don Lavoie, Howard Baetjer and Bill Tulloh with comments by Marc Stiegler and Pietro Terna High-tech Hayekians 5. Elise Tosi and Dominique Torre The New Economy as a Co-ordinating Device: Some Mengerian Foundations Part 3: The Organization of the Firm 6. Nicolai Foss Austrian Determinants of Economic Organization in the Knowledge Economy 7. Philippe Dulbecco and Pierre Garrouste The New Economy and the Austrian Theory of Firm 8. Guido Fioretti The Small World of Business Relationships Part 4: Markets and Market Failure 9. Richard Aréna and Agnès Festré Some Specific Austrian Insights on Markets and the New Economy 10. Mark Steckbeck and Pete Boettke Turning Lemons into Lemonade: Entrepreneurial Solutions to Adverse Selection Problems in E-Commerce 11. Roger Koppl and Ivo Sarjanovic Big Players in the New Economy Part 5: The Monetary Sector in the Internet 12. Antony Mueller Bubble or New Era? Monetary Aspects of the New Economy 13. Jean-Pierre Centi and Gilbert Bougi Possible Economic Conseuqneces of Electronic Money Part 6: The Legal Framework 14. Elizabeth Krecké The Emergence of Private Lawmaking on the Internet: Implications for the Economic Analysis of Law